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Brazil's economy may grow by 7.5% this year

ALABC 0 3220

Brazil’s Finance Minister, Guido Mantega, believes that the nation’s economy has the capacity to expand 7.5 percent this year.

Speaking to investors in New York on October 12, Mantega said Brazil is experiencing a sustainable expansion and that the conditions are in place for 5.5 percent to 6 percent growth in the next four years regardless of how the U.S. economy performs. “Brazil is enjoying high quality, sustainable growth, because it doesn’t generate...

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